Recap of Week 1

It is a software protocol that enables the safe transmission of particular instances of value via the internet without the involvement of a middleman like a bank or the government.

• Blockchain Technology

• Bitcoin

• NFT

• Chain Network

Which of the following Blockchain structures mathematically connects one block to another, "chaining" the transactions together?

• Network

• Chain

• Block

• Process

Which of the following is the function of Blockchain Technology?

• Blockchain contains transaction data, it’s not a replacement for databases.

• Blockchain contains transaction data, so, it’s a replacement for databases.

• Blockchain replaces databases, messaging technology, transaction processing and business processes.

• Blockchain and databases are exactly the same.

Which of the following is the verified proof of Blockchain Technology?

• reward

• transaction

• mining

• block

What is the primary benefit of immutability?

• Scalability

• Tamper-proof

• Resiliency

• Increased efficiency

Blockchain is

• A centralized ledger

• A type of cryptocurrency

• A distributed ledger on a peer to peer network

• An exchange transaction

With the help of a ______ and a key, you can encrypt a message.

• cipher

• code

• secret text

• secret method

In Cryptography, original message, before being transformed, is called

• Plain Text

• Simple Text

• Cipher Text

• Updated Text

_______ is the science and art of transforming messages to make them secure and immune to attacks.

• Cryptography

• Cryptocurrency

• Digital currency

• Transaction security

An encryption algorithm transforms plain text into:

• Cipher Text

• Simple Text

• Plain Text

• Updated text